MALPB Examination Specialist

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Job Title:

MALPB Examination Specialist 2 Job Requisition  Number of Openings: 1 Shift: Day (United States of America) Compensation Details: $125,000- $150,000

Who we are:

The Georgia Department of Banking and Finance is the state agency that regulates and examines Georgia state-chartered banks, state-chartered credit unions, and state-chartered trust companies. The Department also has responsibility for the supervision, regulation, and examination of bank holding companies and Merchant Acquirer Limited Purpose Banks (MALPBs) chartered in Georgia. In addition, the Department has regulatory and licensing authority over mortgage brokers, mortgage lenders, mortgage processors, mortgage loan originators, check cashers, sellers/issuers of payment instruments, money transmitters, consumer installment lenders, and international banking organizations, conducting business in Georgia.

Position Title:

Merchant Acquirer Limited Purpose Bank (MALPB) Examination Specialist II Similar industry job titles:
Payments Network Auditor, Card Network Risk Management, Payments Industry Risk Mitigation, Merchant Acquirer Risk Management Oversight

The salary range is at $125,000 to $150,000, depending on relevant experience

Hybrid/Flexible Work Arrangement Paid time off Retirement Plans: 401(k) Match, 457(optional), and Defined Benefit (pension) Comprehensive benefit plans that include medical, dental, vision, flexible spending accts., Life Insurance

• Bachelor’s degree from an accredited college or university AND five years of experience in direct payments industry audit or regulatory-related oversight role or closely related area.
• A background in merchant acquiring and card network relationships.
• A strong understanding of merchants acquiring risk management frameworks and operational best practices is preferred.
• The role requires practical and strategic understanding of the payments industry and demonstrated experience assessing risks associated with merchant acquiring and relevant card network industry regulations and compliance requirements.

Under broad supervision, the MALPB Examination Specialist 2 is responsible for direct supervision of one or more MALPB entities chartered by the Department. This position provides managerial oversight and serves as a lead MALPB Examiner. The MALPB Specialist 2 will act as the supervisory examiner in charge of chartering initiatives and regulatory/compliance obligations related to merchant acquiring and card network transactions.

The MALPB Examination Specialist 2 acts as a Primary Point of Contact to assigned MALPB(s), oversees a portfolio of MALPB(s), performs financial analysis, monitors ongoing trends, processes requests by MALPB entities, and provides recommendations on interpretations of laws, rules, and regulations regarding MALPBs. The MALPB Examination Specialist 2 provides ongoing on- and off-site administrative oversight and supervision of MALPB(s), participates in the establishment of Department goals and policy development, develops and implements ongoing examination programs, assigns ratings and directs regulatory outcomes, and participates in the chartering process of MALPBs.

The MALPB Examination Specialist 2 also serves as a point of administrative contact to answer inquiries, obtain information, and…